member profile picture
Posts: 21
Credits: 1053.5
[Donate]

I live in CT and here's what I have (all internet):

Sagamore Inc: Original Loan $250; pd so far: $300

United Cash Loans: Original Loan: $300; pd so far: $180

Ameriloan: original loan: $300; pd so far: $180

Impact Cash: original loan: $200; pd so far: $60

Premier: orignial loan: $300; pd so far: $180


I know that all of my loans are fairly new, but I want to know what I can do before this goes to far. I already feel as though I am in over my head and I don't know what to do. Any insight would be much appreciated.

Thank you!
Sara




You will find the Payday loan laws for Connecticut here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-p dls-laws.html



The good news is that PDLs are not legal in your state
I am assuming that these are all internet.Correct?

Sub: #1 posted on Sat, 10/27/2007 - 00:29

kashzan kashzan

(Posts: 5401 | Credits: 408.31)

Yes, they are all internet. So what can I even do if they're not legal in CT? Any idea?

Sub: #2 posted on Sat, 10/27/2007 - 00:30

sara250183 sara250183

(Posts: 21 | Credits: 10.54)

Sara, i am leaving in a few minutes, so I messaged someone to jump in and help.Be patient she will come along soon

Sub: #3 posted on Sat, 10/27/2007 - 00:35

kashzan kashzan

(Posts: 5401 | Credits: 408.31)

Sara, are you coming back. I need you to read the sticky concerning your checking account. then we can begin

Sub: #4 posted on Sat, 10/27/2007 - 04:40

kashzan kashzan

(Posts: 5401 | Credits: 408.31)

Sorry, kash! I got here late! sara, you definately will want to close your bank account. Your state prohibits pdls. Illegal - period. These pdls will not stop debiting your account. They will continue forever. Your first step is going to be closing your existing bank account that the pdls have the information on. You can read the "sticky" at the top of this site page regarding closing your account. Read it carefully. If you have any questions regarding your bank account, please post so that we can help you. Once we get your bank account straightened out, we can then proceed with sending letters to these illegal pdls and go from there. However, the bank account is the first step. When are the next debits due to hit your account?

Sub: #5 posted on Sat, 10/27/2007 - 07:35

cannr cannr

(Posts: 9317 | Credits: 1298.43)

Its Ok Cannr, I do hope Sara comes back.

Sub: #6 posted on Sat, 10/27/2007 - 07:36

kashzan kashzan

(Posts: 5401 | Credits: 408.31)

She probably will. She had all her information all ready and everything. Maybe she'll be back tomorrow. She's on top of it!

Sub: #7 posted on Sat, 10/27/2007 - 07:38

cannr cannr

(Posts: 9317 | Credits: 1298.43)

Of course I am back, you guys obviously know what you are talking about. I will go and close my account, but right now it is in a negative state due to all of the money these PDL companies have been taking from me! I will obviously have to check with my bank, but I don't know if I can even close my account while it is negative. I did cnacel my direct deposit on Friday and my payments are slated to hit my account when my direct deposit would have gone through, this Thursday, 11/1. I am still baffled by the fact that this is illegal in my state and yet it still wne through, with no problems, but multiple companies. I obviously got myself into this mess, but I want out! If anyone has any further advise, I welcome it. What should I do once the account is closed?

Thanks much!!!
Sara

Sub: #8 posted on Tue, 10/30/2007 - 00:41

sara250183 sara250183

(Posts: 21 | Credits: 10.54)

Banks usually won't let you close an account that's in the negative, but you can get a block or hold put on to prevent more transactions. Ask them about doing deposit only, that way your paycheck will go through, but no debits.

The banks don't check into the validity of the business, so it's no surprise they went through even though they are illegal. The banks only look at if they have authorization.

Sub: #9 posted on Tue, 10/30/2007 - 00:43

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.91)

What goudah said is sad but true, they don't have the manpower to check everything out. Hopefully your bank will work with you. Unfortunately mine didn't but that is not to say that all banks won't.

ladybug

Sub: #10 posted on Tue, 10/30/2007 - 00:50

ladybug ladybug

(Posts: 2757 | Credits: 282.45)

Attachment
More information
  • Files must be less than 1.25 GB.
  • Allowed file types: txt pdf jpg jpeg png.
Post as a guest
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Post as a member

Share post

Page loaded in 0.986 seconds.